Topic: Has Bitcoin turned the corner? (Read 379 times)
I think bitcoin already did turned the corner as it reach 11,000$ after it plunges its market price down to 6,000$. If this will continue until the end of this month, i believe better things is going to happen early for bitcoin before the end of this year.
The fact that the price does not grow at a fast pace does not mean that bitcoin is in the corner. Bitcoin has a weak start to the year but that does not mean it will not be rebounded soon. Good news can help in the growth.
It's very noticeable how bitcoin has regaining its strength and power as its market cap and price is pushing up again.
It's because CFTC chairman J. Christopher Giancarlo was testifying again, this time about regulation:
https://www.coindesk.com/cftc-chair-us-tread-carefully-crypto-exchange-rules/
He basically argued that the federal govt should "tread lightly" and focus only on the bad guys who are doing wrong while letting crypto in general develop.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
just calm down, bitcoin will never fade or go bitcoin will continue to rise and become a very expensive coin because basically bitcoin has a very high demand.
I'd regard the activity in late 2017 as a bubble. If you treat it that way, the graphs look quite similar to both Bitcoin's 2013 bubble and the dotcom bubble. here is an article regarding these earlier bubbles.
If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
Ok! May be time will tell us where we are actually headed but there is really no need being negative. If the chance comes for us to see the market test lower, then we will buy more at a lower value. If the bears are not done with the market, that is their cup of tea, but one thing we are so sure of is that the bears cannot continue forever and the downtrend will pass. For now, we just have to wait it out and see where the market heads up next, but no need being negative.If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
just calm down, bitcoin will never fade or go bitcoin will continue to rise and become a very expensive coin because basically bitcoin has a very high demand.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
For this month, yeah, bitcoin has already bottomed out.
For the medium term as in a year or so's time, I think that the market variance will naturally take bitcoin to lower lows. Could be even less than $4-5k. All of this depends on future scenarios that we currently cannot safely predict.
Short term, we're going to go above $9k-10k. We're probably going to hang around there, before entering a full on crypto winter where price goes down to around the current level, perhaps a bit less, and stabilise. Then when markets are ready again, and near another halving, bitcoin will get revived and sensationalist news articles come out, and it gets hyped up again.
I am very hopeful that we should have some smiles on our faces soon, not like there has not been any though, but at least, we hope to have the market back stronger and giving some more good feelings in the air.
No off course not.
You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
Yes.Once again pleasant season coming soon.Even the SEC's ruling in favour of cryptos have added much power to this development.You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
So far, I want to believe we have gotten to the bottom, bounced from it and waiting for a rally. With the good news and some adoptions from all over the world, as well as the level at which development would start occurring on bitcoin's protocol, I believe that we are in for a nice ride in this 2018 and only those who are confident enough to hold, then they will always reap the fruit of their patience.
I'd regard the activity in late 2017 as a bubble. If you treat it that way, the graphs look quite similar to both Bitcoin's 2013 bubble and the dotcom bubble. here is an article regarding these earlier bubbles.
If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
Ok! May be time will tell us where we are actually headed but there is really no need being negative. If the chance comes for us to see the market test lower, then we will buy more at a lower value. If the bears are not done with the market, that is their cup of tea, but one thing we are so sure of is that the bears cannot continue forever and the downtrend will pass. For now, we just have to wait it out and see where the market heads up next, but no need being negative. If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
You have to wait at least for a few weeks, so you can make a realistic forecast. So far btc is not stable enough to say if it has reached the bottom.
I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
Right, we have also still in a downtrend and until we break out of it before we can even be certain of anything. However, there is huge hope, we have been seeing good volume, the market is giving several signals, and I want to believe that the market should consolidate for a while before we can start seeing anything. There is still fear though in the market, but it is just some little news that can easily change that and so far it seems like the news are getting positive. I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
No off course not.
You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
Yeah! Patience always wins. I am sure now that the whales have tampered with the market, used news to drive it down, and have decided to buy back in which to me that is obvious, they should start looking for a way to get the market back up for another trend of profit. I also expect a huge growth in bitcoin, but of course, I really want the solo one, so we can have much time to load up even more before the train starts moving. You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
So far, I want to believe we have gotten to the bottom, bounced from it and waiting for a rally. With the good news and some adoptions from all over the world, as well as the level at which development would start occurring on bitcoin's protocol, I believe that we are in for a nice ride in this 2018 and only those who are confident enough to hold, then they will always reap the fruit of their patience. Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
just calm down, bitcoin will never fade or go bitcoin will continue to rise and become a very expensive coin because basically bitcoin has a very high demand.
It's very noticeable how bitcoin has regaining its strength and power as its market cap and price is pushing up again.
It's because CFTC chairman J. Christopher Giancarlo was testifying again, this time about regulation:
https://www.coindesk.com/cftc-chair-us-tread-carefully-crypto-exchange-rules/
He basically argued that the federal govt should "tread lightly" and focus only on the bad guys who are doing wrong while letting crypto in general develop.
It's very noticeable how bitcoin has regaining its strength and power as its market cap and price is pushing up again. This is a pure statment that Bitcoin can really turn all the corners when everything in the cryptoworld seems so hopeless. IMO, most of the panic sellers during the time when bitcoin was down probably regret their decision of selling their crypto assets before.
Don't worry because everything can happen in crypto's world. So cryptos will return to the previous situation. Someone sold a lot of BTC in few days ago according to that the price downed so much. In my opinion everything will be the same as before. You will hodl your cryptos and you will get more because in this moment prices are more affordable.
This account, Xardasim is stolen !! You are a thief - please, give back !!
The information has been forwarded to cyrus - bitcointalk admin.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
For this month, yeah, bitcoin has already bottomed out.
For the medium term as in a year or so's time, I think that the market variance will naturally take bitcoin to lower lows. Could be even less than $4-5k. All of this depends on future scenarios that we currently cannot safely predict.
Short term, we're going to go above $9k-10k. We're probably going to hang around there, before entering a full on crypto winter where price goes down to around the current level, perhaps a bit less, and stabilise. Then when markets are ready again, and near another halving, bitcoin will get revived and sensationalist news articles come out, and it gets hyped up again.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
There's still a lot of leg room for bitcoin and push the price to I doubt that bitcoin and crypto bottomed out already. Only factor that I likely attributed everything is the government stance against crypto. This makes investors skeptic and reluctant to pour in their cash. But sooner or later, they are going to the market because they can't resist the money they can made out of it.
2018 is still young, there's a lot of things that can happen to the price. We may have seen the price somewhat stuck between $8-$9K, but I'm sure it has more room for growth before the end of the year.
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
There's still a lot of leg room for bitcoin and push the price to I doubt that bitcoin and crypto bottomed out already. Only factor that I likely attributed everything is the government stance against crypto. This makes investors skeptic and reluctant to pour in their cash. But sooner or later, they are going to the market because they can't resist the money they can made out of it.
2018 is still young, there's a lot of things that can happen to the price. We may have seen the price somewhat stuck between $8-$9K, but I'm sure it has more room for growth before the end of the year.
What are you talking about with the crypto being torn down? I'm not sure about that, check out the good news in the developed world. You should know that bitcoin is ending its bad times. Should you defeat the bushes, do not worry too much do not worry too much about this. I think if many investors panic then the price will actually go down. Keep waiting patiently for profit in the future.
You have to wait at least for a few weeks, so you can make a realistic forecast. So far btc is not stable enough to say if it has reached the bottom.
I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
Many are not use to this kind of stability over the price of bitcoin but it can really happen and I really think that we are not yet ready for another bull run and maybe this kind of stability is a manipulation by whales too, There is a lot of possibilities that we can connect why we are having this kind of resistance, And even thought we are seeing the value is smoldering down any time again, I really think we are not seeing a proper recovery on the value of bitcoin it can attain,
I think Bitcoin turned the corner and every thing is OK since its price was standing between 7500 and 8500 during the last week despite all rumors about its death.
We are waiting for the Chinese new year celebrations to end and see what will happen.
I think we will never see the 6k $ price again.
We are waiting for the Chinese new year celebrations to end and see what will happen.
I think we will never see the 6k $ price again.
Possibly but very unlikely. I think price should go back over $10000 and stay there for like a month to safely say "bear market is over". We are just seeing regular gambling right by short term traders. Bears are here.
Don't worry because everything can happen in crypto's world. So cryptos will return to the previous situation. Someone sold a lot of BTC in few days ago according to that the price downed so much. In my opinion everything will be the same as before. You will hodl your cryptos and you will get more because in this moment prices are more affordable.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
Reddit and this forum are full of trolls and blind gamblers, which can't be really be used as a metric. If we look at how the market has performed in the last months, it did exactly that what people didn't expect.All the chart analysis wannabes and other self claimed experts have been wrong on so many levels, that they lost their credibility. There is really nothing of value to say by anyone here as always ~ the guessing game continues.
The only useful and productive activity in a market like we are in right now, is to keep accumulating below the $10,000 mark. If the price falls back down, you'll be able to buy more coin for the same amount of money.
No I don't think Bitcoin has turned a corner. If you look at the chart for the month it is declining on the whole. This new rally is really a very feeble one in my opinion. Maybe it will struggle up to 10k but will fall again in a few days. Not sure if it will crash down to 6k but we could see 7k again in the next few days. I think that's more likely than any kind of spectacular rise to the moon.
It will have only turned the corner if it manages to break through $9000 and stay there.
At the moment it keeps making attempts that don't hold. The only good news is that we're still in the upwards channel that started this time last year. Beyond that, we're still struggling.
At the moment it keeps making attempts that don't hold. The only good news is that we're still in the upwards channel that started this time last year. Beyond that, we're still struggling.
Take a look at 4 hour chart. That $9,000 - $9,200 area looks suspiciously like the neckline of an inverse head and shoulders pattern. If it breaks (up) with decent volume, that would give an implied target of $12,400 in the next 2-3 weeks.
Do like I did, OP. Leave 5% of your stash as a offering to appease KARHU, the bear of the polar axis.
No matter at what price level you sold, it will be the bottom in a near future.
No matter at what price level you sold, it will be the bottom in a near future.
It will have only turned the corner if it manages to break through $9000 and stay there.
At the moment it keeps making attempts that don't hold. The only good news is that we're still in the upwards channel that started this time last year. Beyond that, we're still struggling.
At the moment it keeps making attempts that don't hold. The only good news is that we're still in the upwards channel that started this time last year. Beyond that, we're still struggling.
The chartists seem to think that the price will slip over the next few weeks, and then start to climb at the end of March.
Don't think so. I believe a lot of this has to do with the news channels that are spreading fake news. For example, a few days ago, people were scared because India "Banned" cryptocurrency. Fake news such as this introduces FUD into the market causing many investors to sell their Bitcoin, reducing demand, reducing prices. And also since the prices aren't increasing, potential investors are not interested because they believe cryptocurrencies have reached its end.
Nothing to worry about bro. You can't have too many millionaires in the world
Do what you believe is right, time will show the victors. Don't give up
Don't think so. I believe a lot of this has to do with the news channels that are spreading fake news. For example, a few days ago, people were scared because India "Banned" cryptocurrency. Fake news such as this introduces FUD into the market causing many investors to sell their Bitcoin, reducing demand, reducing prices. And also since the prices aren't increasing, potential investors are not interested because they believe cryptocurrencies have reached its end.
I'd regard the activity in late 2017 as a bubble. If you treat it that way, the graphs look quite similar to both Bitcoin's 2013 bubble and the dotcom bubble. here is an article regarding these earlier bubbles.
If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
If we are now transitioning into a bear market, then we can expect this fall to continue for at least another few months and most likely for over a year.
A lot of sentiment on here and Reddit is still bullish - this seems common as a bear market begins, but gradually diminishes as it progresses.
No off course not.
You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
I agree with you here. Patience is indeed the key to huge profits in the long run which is why I am HODLING my bitcoins and all my other altcoins for the long term at the moment. Coming to the question posted by op, bitcoin will continue appreciating and might reach $14k by the start of next month due to the good news flowing in from all directions as you said. More good news is on the way. You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
After the conclusion of the Chinese New Year later this week, bitcoin will continue surging in value which will push it and the rest of the crypto market upwards. Stay patient and HODL all your coins everyone.
You have to wait at least for a few weeks, so you can make a realistic forecast. So far btc is not stable enough to say if it has reached the bottom.
I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
I think in a few weeks btc will have stabilized again. Then the price is likely to increase continuously. At the moment the whole market is unstable and can lose a few percent overnight.
I hope, however, that the market has stabilized again in one or two months at the latest.
Don't think so. It's a very narrow trading range between $6k and $9k for several days now.
No off course not.
You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
You should be aware of the good news that's flowing in from everywhere .. the Korean and Indian and Australian market could see a tremendous growth over the coming weeks.
Making it easy for Bitcoins holders to land in profit.
The highs and lows might break you down at a moment but remember this "Patience wins, always"
Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
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